Geopolitics: A Golden Needle for Russia and the CCP

Every so often there are bubbles that are so big that they can’t help but become the foundation of even larger bubbles, and the froth of bubbles gets so huge that people start actually believing in the bubble mass as though it were a static, stable, real thing. Until someone turns up with a golden […]

Economics: Advent of the Generic CEO

“Financialization”, a process characterized by stakeholders in a business activity mixing up the metric of success (money) with metrics of performance (operational standards), has manifested some bizarre outcomes over the last few decades. These effects have come to dominate the economic landscape as money has become less and less representative of reality and government involvement […]

China: Yuan Will Be a Reserve Currency, Come What May

EDIT: Indeed, it has been made a reserve currency, or at least it looks like announcements have already been made to pave the way. The IMF is considering adding the Yuan to the group of reserve currencies. That would put it alongside the U.S. Dollar, the Japanese Yen, the English Pound, and the Euro in […]

An Observation on Economic Motivation

When we want to discourage people from smoking we levy taxes on cigarettes. When we want to discourage people from drinking we levy taxes on alcohol. When we want to discourage the purchase of a product from a particular country we levy taxes on their imports. What should we interpret as the motivation behind taxes […]